May Consumer Spending Weakest In Five Months

WASHINGTON (Reuters) - Consumer spending was flat in May for the first time in five months as Americans eased off on vehicle purchases amid tepid wage growth, but subsiding inflation pressures should keep demand supported.

Sections:  news   business   
Topics:  2012   auto sales   consumer spending   inflation   may   wages   
RELATED ARTICLES
  • Most popular baby names for 2012
    Top baby names for boys and girls in 2012. More
  • King, Messiah: New baby names suggest high hopes
    Talk about high expectations for a newborn: King and Messiah are among the fastest-rising baby names for American boys. They're just a little behind Major, the boy's name that jumped the most spots on the Social Security Administration's annual list of popular baby names. More
  • U.S. economy grows at 2.5% rate in 1st quarter
    U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year. More
  • Ford, Chrysler US sales up in March
    March is turning out to be the best month for auto sales in at least six years. Major automakers including Ford, Chrysler, Toyota, General Motors and Nissan all reported increases, with some reporting their best monthly totals since the start of the Great Recession in December of 2007. More
  • Consumer data support sturdy first-quarter growth picture
    Consumer spending rose in February and sentiment among Americans perked up this month, further signs of an acceleration in economic activity in the first quarter after a near stall in late 2012. More
BING NEWS:
  • UK retailers report weakest sales since April
    Sales volumes dropped by 3.3% in the 12 months to November, the weakest reading since April when they fell 4.0%, and below an increase of 0.6% in the year to October, the British Retail Consortium ...
    12/3/2024 - 8:16 pm | View Link
  • UK retailers report weakest sales since April, BRC survey shows
    British retailers reported lacklustre sales in November, according to industry data on Tuesday affected by the timing of the Black Friday sales, although it still pointed to weakening consumer ...
    12/2/2024 - 6:25 pm | View Link
  • Brazil Proposes Income Tax Reform, Frustrating Investors Focused on Spending Cuts
    FILE PHOTO: Brazil's Finance Minister Fernando Haddad attends a meeting with Brazil's President Luiz Inacio Lula da Silva to discuss online bets, at the Planalto Palace in Brasilia, Brazil August 3, ...
    11/27/2024 - 5:01 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News